BOE Stands Pat as Inflation Fears Trump Growth Woes

By

Jason Douglas

Updated May 10, 2012 8:31 a.m. ET

LONDON—The Bank of England paused its bond-buying stimulus program Thursday as rate-setters decided that a stubbornly high annual rate of inflation is a bigger worry than official data showing the U.K. slid back into recession in the first quarter.

The U.K. central bank said in a statement that after two days of meetings, its Monetary Policy Committee left the size of its asset purchase program at £325 billion ($524.16 billion) and...